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Visa - one of the world's largest payment networks - processes more than 60% of debit transactions in the US

US accuses Visa of monopolising debit card swipes

Visa shares took a hit last night after the US Department of Justice filed a lawsuit accusing it of violating antitrust law by suppressing competition by threatening merchants with high fees and paying off potential rivals.

Business • 25 Sep 24

Nvidia shares are up 141% so far this year, thanks to a dizzying rally sparked by AI expectations

Nvidia gets subpoena from US Dept of Justice - Bloomberg

The US Department of Justice has sent a subpoena to Nvidia as it deepens its probe into the AI heavyweight's antitrust practices, Bloomberg News has reported, citing people familiar with the investigation.

Business • 04 Sep 24

The civil lawsuit accuses Apple of an illegal monopoly on smartphones maintained by imposing contractual restrictions on, and withholding critical access from, developers.

US takes on Apple in competition lawsuit

The US Department of Justice and 15 US states have today sued Apple, alleging it monopolised smartphone markets in the first major antitrust effort against the iPhone maker by the Biden administration.

Business • 21 Mar 24

NatWest Markets admitted its traders engaged in schemes to manipulate US Treasury markets over a decade up to 2018

NatWest pleads guilty to US fraud charges, to pay $35m

A unit of NatWest Group has agreed to pay about $35m and pleaded guilty to wire and securities fraud in relation to a long-running scheme by some of its traders to manipulate US Treasury debt markets.

Business • 22 Dec 21

Allianz is one of the world's biggest money managers with €2.4 trillion in assets under management through bond giant Pimco and Allianz Global Investors

Allianz under investigation in Germany over funds

German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its US investment funds last year, people with direct knowledge of the matter told Reuters.

Business • 07 Sep 21

Royal Bank of Scotland has today reported its first full-year profit since 2007

Royal Bank of Scotland posts first profit in a decade

Royal Bank of Scotland has reported a full-year profit of £752m - its first since 2007 after an anticipated multi-billion dollar settlement with the US Department of Justice failed to appear.

Business • 23 Feb 18

Analysts have estimated the bank could pay up to $12 billion to settle the mis-selling case in the US

RBS CEO says US settlement could slip into next year

Royal Bank of Scotland's chances of reaching a deal this year with the US Department of Justice over its mis-selling of toxic mortgage-backed securities are "diminishing", its chief executive said today.

Business • 08 Dec 17

US Department of Justice